While I commend the enthusiasm on the thread...it IS rather misleading at best.

According to australian.com.au/business, in an article dated from September titled,"HSBC TELLS AUSTRALIA TO PREPARE FOR YUAN" : Australia pays only 1% of its Chinese debt in the Yuan and will continue doing so until 2015 when it "may" jump to 10%.

Australia has been paying debt to European countries using the Euro for a decade now to the tune of 7% and it hasnt hurt the US one bit. All countries do so...even the US.

Theres obviously a trade war going on in the Pacific. Currently though, we have both the US and China pushing trade agreements with Pacific nations...Australia being one. I urge everyone to read about TPP and RCEP...both have implications in the future. Especially since Congress isnt even allowed to read either but expected to pass them. Perhaps I will make a thread, but onward to the point...

No matter what HAARP is doing to some of your brainwaves, the US currency will only be in trouble if its purposely being done by the government itself. Be realistic for a minute...do any of you really think this world would risk a world war against the US for economic terrorism?? Do you really think that the US has become such a non-issue in the economic world that we arent capable of bringing the whole world to its knees economically if it so chose!? I surely hope not.

I normally dont resort to neanderthal type statements, but I think it bears mentioning that no matter what the news tells you...China is not even close to being a military threat lol. We rule the sea with hundreds of ships while China has a handful. We surround them on all sides with hundreds of thousands of troops. No...China is testing the resolve of the US right now seeing what they can get away with. If Obama so chooses, he could stop this in a second using either economic or military options...neither of which China can afford.

This "crisis" will pass very quickly. If Australia had some nefarious intention of underminding the US economically, it would lose its second biggest importer of goods, lose our military protection, as well as having to find 75% of it's grain imports elsewhere. Harldy worth the cost of being able to pay 1% of a 28bn USD bill dontcha think?

Of course, there still remains the option that its being done purposely by some NWO scheme. Possible, but if that were the case, they sure are taking their sweet ass time.

It would be very interesting if this happened, I for one think our allegiance to the US has all been one way. We drop all tariff barriers of trade to US companies and they keep theirs on us, we followed the US into all their wars blindly yet when it come to Wheat contracts with Iraq we got screwed over by them.

I say China hasn't invaded a single Country in years, how ever the US seems to continually attack Countries that threaten to drop their dollar as official world currency. China would be be less likely to nuke us as they have huge ownership of infrastructure in Australia now and a lot invested in food production..they simply wouldn't do it.

China invade us ? they may be able to take the north of the Country but they know they would never be able to hold it for ever from us. The US just uses every Country as its toilet except Israel of course.

The problems with the US currency has pushed australia's currency quite high, affecting our imports/exports... hopefully this will help with that.

Considering how much gold China has bought over this year, (over 500 tons) something is in the works, why would the Chinese government need that amount? China has also bought in previous years.

I dont think the US would give up Australia so easily, In fact toppling governments should be no problem for them.

There's one little parcel they would never give up....and thats Pine Gap.

That Nefarious little outpost is the US's most secret base outside of the US. With reported magical stuff like, a 1000s feet deep Earth antenna to contact Naval vessels via low frequency sound waves, its own Nuclear reactor (unknown to the normal Government types), HAARP, strange association with flying discs appearing from hillside openings, Recorded visual observation with Cigar shaped large Unidentified craft, that seem to communicate with blue and gold light beams....not to mention the supposed 12 underground levels, Non Earth workers, Underground tunnels and the list goes on......
No, America wont be giving that one up in a hurry.

Originally posted by IkNOwSTuff
Lets just all get guns like the Yanks and we could throw them Chinamen back into the Ocean like those true American patriots would

I cannot see 20 Million Aussies without semi-automatic weapons pushing 100 Million yellow skins back into the ocean

Originally posted by MidnightTide
Several countries are doing this, everyone is trying to distance themselves from the US Dollar, because their days of being the global reserve currency are numbered.

Originally posted by syrinx high priest
yeah the dollar was going to collapse last year and the year before that blah blah blah


enjoy your new partner

Ya, you keep on saying that, but know the more you print, the less your currency becomes. Countries are buying less of your debt (which is why the FED had to step in and buy your bonds, at a rate of 45 billion a month starting in Jan) - I believe the US Dollar would be worthless already if it wasn't for the Petrol Dollar.

Will be interesting to watch how other nations try to distance themselves to the US Dollar, and watch how fast things fall apart once more people realize that in reality the US is bankrupt and the mad dash to sell as much US assets as they can.


--------------------


Now I should clarify that one would be smart to stay away from the Chinese as well. They have massive financial problems as well, one might as they are worse off then the US.

edit on 25-12-2012 by MidnightTide because: (no reason given)

You said it. The US is bankrupt. What most people don't realize is that it, (the US Corp) not they, finalized the bankruptcy in 1933. Dollars are nothing more than "debt notes".

First bankruptcy was in 1863

In 1865 the total debt was $2,682,593,026.53

A portion was funded by 1040 Bonds to run not less than 10 nor more than 40 years at an interest rate of 6%

When a government goes bankrupt, it loses its sovereignty.

In 1933 the U.S. declared bankruptcy, as expressed in Roosevelt's Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 (Public Law 73-10) of June 5, 1933 (31 U.S.C. 463) confirmed in Perry v. U.S. (1935) 294 U.S. 330-381, 79 LEd 912, as well as 31 United States Code (USC) 5112, 5119, Senate Report 93-549, and 12 USC 95a.

Members of Congress are the official Trustees in the bankruptcy of the US and the re-organization

"All the property of this country now belongs to the state and will be used for the good of the state."-- FDR, 1933

What people need to do is record a UCC-1 Financing Statement. I did. When I took a copy of it in to my employer they declared me tax exempt.

Originally posted by Bildo

Originally posted by MidnightTide
Several countries are doing this, everyone is trying to distance themselves from the US Dollar, because their days of being the global reserve currency are numbered.

Originally posted by syrinx high priest
yeah the dollar was going to collapse last year and the year before that blah blah blah


enjoy your new partner

Ya, you keep on saying that, but know the more you print, the less your currency becomes. Countries are buying less of your debt (which is why the FED had to step in and buy your bonds, at a rate of 45 billion a month starting in Jan) - I believe the US Dollar would be worthless already if it wasn't for the Petrol Dollar.

Will be interesting to watch how other nations try to distance themselves to the US Dollar, and watch how fast things fall apart once more people realize that in reality the US is bankrupt and the mad dash to sell as much US assets as they can.


--------------------


Now I should clarify that one would be smart to stay away from the Chinese as well. They have massive financial problems as well, one might as they are worse off then the US.

edit on 25-12-2012 by MidnightTide because: (no reason given)

You said it. The US is bankrupt. What most people don't realize is that it, (the US Corp) not they, finalized the bankruptcy in 1933. Dollars are nothing more than "debt notes".

First bankruptcy was in 1863

In 1865 the total debt was $2,682,593,026.53

A portion was funded by 1040 Bonds to run not less than 10 nor more than 40 years at an interest rate of 6%

When a government goes bankrupt, it loses its sovereignty.

In 1933 the U.S. declared bankruptcy, as expressed in Roosevelt's Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 (Public Law 73-10) of June 5, 1933 (31 U.S.C. 463) confirmed in Perry v. U.S. (1935) 294 U.S. 330-381, 79 LEd 912, as well as 31 United States Code (USC) 5112, 5119, Senate Report 93-549, and 12 USC 95a.

Members of Congress are the official Trustees in the bankruptcy of the US and the re-organization

"All the property of this country now belongs to the state and will be used for the good of the state."-- FDR, 1933

What people need to do is record a UCC-1 Financing Statement. I did. When I took a copy of it in to my employer they declared me tax exempt.

I'm interested to hear how you pulled this off. You filed a statement for a business loan and your employer declared you to be tax exempt? What you wrote makes it sound like something a wage employee could do, which obviously is not the case, and I have not found anything that indicates a statement filed for a business loan makes an individual tax exempt. Either you're trying to mislead people, or, if you're not paying taxes on income, regardless of what your employer declared, either you, your employer, or both, are breaking the law. Either that, or it is some loophole that a normal employee can't take advantage of. I could see if you're operating as a business yourself, and paying taxes on your "business", while not paying your "self", but otherwise, as I said, there are two possibilities here:

1) you're lying, which would be an obnoxious way to get attention
Or
2) you, and/or your employer are at risk of going to federal prison for tax evasion

There is no magic form to file which exempts anyone from income taxes. If you're a charity, you can be tax exempt. Anyone can not pay taxes for as long as they can get away with it, but you can also rob banks, murder people, and drive drunk as well, until you get caught.

Sorry if this comes off harsh, but I'm sick of people trying to mislead people into thinking there are no consequences for tax evasion. As much as I'd like to think we can not-pay our income taxes, it's simply NOT TRUE.

I'd also like to add, for all the people claiming the USD demise is imminent (as I've been hearing since the Reagan 300% debt increase), i've got a bridge to Hawaii to sell you, but you need to find magic glasses I dropped into the Mariana trench to see it. Also, the world will end 12/21/2012.

Man just shutup....Australians are some tough people and America's friends. Why would people even want to talk about Aussies and America at war? wtf......

Originally posted by michael1983l
All joking aside, the US would have a hard time going to war with Auz (although I know it would never happen) because of the logistics accross the pacific and the fact that Australia is effectivly a very large Island.